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Alternative Investments

02/22/2016

Carlyle Shutters DGAM Hedge Fund-of-Funds Unit It Bought in 2014

DGAM co-founders George Main and Warren Wright will leave after they wind down the Toronto-based business, which oversees less than $2 billion in fee-paying client assets.

02/22/2016

Wagner Wealth Management has been named the Greenville Chamber’s Small Business of the Month for February 2016.

The firm was opened in 2007 and currently employs 11 individuals.

02/22/2016

No prospective buyers lining up, and Aurora is steadily dimming

A buyer for the former high-flying, institutionally oriented hedge funds-of-funds manager, which has seen a swift, steep decline in assets, has yet to emerge.

02/22/2016

Waud Capital raises biggest fund yet

This latest fund attracted more than twice as much money as the prior third fund, which drew $487 million in 2011.

02/22/2016

George Soros Net Worth: His Secret to Making Over $24 Billion

He currently plans to hand control of Soros Fund Management over to his son, Robert, later this year.

02/22/2016

Money Management Institute expands workplace diversity initiative

MMI's Gateway to Leadership program places minority college students in paid internship positions with financial services industry firms.

02/19/2016

Citadel slims down as torrid markets deliver losses

Surveyor invests across seven industry sectors including entertainment, energy, healthcare and technology, according to the company’s website.

02/18/2016

Brinker Capital Launches its First Destinations Collective Investment Trust in Partnership with The Guardian Life Insurance Company of America

New Solution Builds upon Brinker Capital’s 10 years as a Retirement Plan Service provider, and over 20 years as the provider of Destinations’ disciplined investment process

02/18/2016

Fund managers hike cash to pre-2001 levels but it signals a buying opportunity, say experts

Professional investors have taken cash allocations to their highest levels in almost 15 years amid the turmoil in global markets but some argue that the market correction looks overdone.

02/18/2016

Ex-Reed Smith Partner Forms Three-Lawyer Tax Boutique in LA

He joined Reed Smith in 2010 as an income partner and was promoted to equity partner

02/18/2016

Hedge Funder’s Gate Not ‘Friendly’

It was built without site plan approval.

02/17/2016

BNY Mellon's Pershing Introduces New Independent Recordkeepers to Growing Retirement Plan Network

New firms selected for value they bring to advisor-centric models, ability to help firms more efficiently manage data

02/17/2016

US expects over $35bn Qatari investments: Envoy

The senior US diplomat also said that if one really wants to see the growth of trade and economic ties, one needs to just enter a mall to see American products

02/17/2016

Savanna unveils 106 West 56th Street high-rise office plan

The seller will remain in the existing building for up to 12 months.

02/17/2016

Canoe Completes O'Leary Asset Acquisition

The acquisition continues Canoe's trajectory as the fastest-growing independent mutual fund company in Canada.

02/16/2016

Savanna reveals plans for boutique luxury office building on Billionaires’ Row

Architecture firm Perkins Eastman has been tapped to design the project, which will feature Central Park views for floors above the 15th floor.

02/16/2016

Lincoln Memorial, nearing 100, to get multimillion-dollar overhaul

The memorial, which attracts 7 million visitors a year, will remain open during the work, although parts of it may be closed off from time to time.

02/16/2016

US expects over $35bn Qatari investments: Envoy

The move illustrates the confidence Qatar holds for the US and the wider Americas.

02/16/2016

Burnham Asset Management Selects Foreside Financial Services, LLC as Distributor of Burnham Investors Trust

BAM's assets under management grew materially in 2015, due in part to an increase in net subscriptions into its financial sector mutual funds.

02/15/2016

John Hancock Investments Posts Another Record Year in 2015

Milestones for John Hancock Investments last year included the September launch of six 'strategic beta' multifactor ETFs.

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